- Ethereum price on Thursday is underperforming, trading down some 0.25%.
- ETH/USD bulls are struggling to breakdown again big supply running from $160-170 range.
ETH/USD 15-minute chart
- Price action moving within a bearish flag pattern formation via the 15-minute view.
Spot rate: 160.22
Relative change: -0.25%
ETH/USD 60-minute chart
- Looking via the 60-minute the pattern structure appears to be bearish, a potential bearish pennant.
ETH/USD daily chart
- Bulls are struggling to break down the $160-170 area convincingly, which is the key for $200 return.